What is a Sourced Approved Investment?
These properties have been carefully sourced and packaged by experienced property investment specialists and trusted Sourced Partners.
- Pre-vetted for investment potential
- Due diligence carried out
- Tailored for investor goals
- Backed by Sourced's expertise and network
Key financials
Profit pa£12,339
ROCE24%
Yield15%
Purchase £ £12,900
Property description
Strategy: HMO
"Off Market 4-Bed HMO - 16% Yield Potential (currently 14.5%)"
Cash Only
The property is tenanted and has the potential to increase the yield to market value of 16%.
Property Information:
- Article 4
- Located outside Article 4 area
Tenure:
- Freehold
- Zoopla valuation: £150,000
- Occupancy: Tenanted
- Current rent: £1,810pcm
- Market rent: £2,000
- Size: 1098 sq ft (102 sqm) sq ft
- EPC: (2018) 65 (D) Potential B (85)
▪ Asking price: £150,000
▪ Currently tenanted with an annual rent of £21,720
▪ Gross yield: 14.5%
▪ Market yield 16%
Tenancy
▪ Room 1 rent: £475
▪ Room 2 rent: £450
▪ Room 3 rent: £450
▪ Room 4 rent: £435
▪ Total annual rent: £21,720
Bills
▪ Utilities: £210
▪ Council tax: £103
▪ Total annual bills: £3,756
▪ Net yield (%): 7%
Sourced reference: 334831377198148
Due diligence
The price and room rates are fair for the location with the potential to increase.
Location
Disclaimer
Sourced endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and are not to be relied as statements of representation or fact. The selling agent may or may not be the sole agent and will provide confirmation upon request. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency given. All measurements have been taken as a guide and are not precise, please be aware some of the details may be waiting vendor approval. If you require confirmation or further information, please contact the selling agent. Fixtures and fittings are to be confirmed with the seller and not relied upon when listed. Sourced are not responsible for any loss of monies due to the purchase or purchase process with any property listed.
Key financials
Profit pa£12,339
ROCE24%
Yield15%
Purchase £ £12,900
Sales Agent
Craig Winnard
My Time Property Investments
Smart support to move your deal forward
Review the numbers
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What is a Sourced Approved Investment?
These properties have been carefully sourced and packaged by experienced property investment specialists and trusted Sourced Partners.
- Pre-vetted for investment potential
- Due diligence carried out
- Tailored for investor goals
- Backed by Sourced's expertise and network